30th Mar 2026 11:47
AMENDMENT(2(a))
FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Name of exempt principal trader: | Morgan Stanley & Co. International plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | British Land Company plc, The |
(c) Name of the party to the offer with which exempt principal trader is connected: | British Land Company plc, The |
(d) Date dealing undertaken: | 26 March 2026 |
(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A" | YES - Life Science REIT plc |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
Class of relevant security | Purchases/ sales
| Total number of securities | Highest price per unit paid/received | Lowest price per unit paid/received |
25p ordinary | SALES | 1,589,225 | 3.5788 GBP | 3.5060 GBP |
25p ordinary | PURCHASES | 595,936 | 3.5800 GBP | 3.5060 GBP |
25p ordinary | SALES | 18 | 4.7389 USD | 4.7389 USD |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
25p ordinary | CFD | increasing a long position | 99 | 3.5080 GBP |
25p ordinary | CFD | increasing a long position | 149 | 3.5080 GBP |
25p ordinary | CFD | increasing a long position | 31 | 3.5161 GBP |
25p ordinary | CFD | increasing a long position | 31 | 3.5161 GBP |
25p ordinary | CFD | increasing a long position | 41 | 3.5163 GBP |
25p ordinary | CFD | increasing a long position | 79 | 3.5163 GBP |
25p ordinary | CFD | increasing a long position | 129 | 3.5164 GBP |
25p ordinary | CFD | increasing a long position | 64 | 3.5164 GBP |
25p ordinary | CFD | increasing a long position | 98 | 3.5164 GBP |
25p ordinary | CFD | increasing a long position | 226 | 3.5164 GBP |
25p ordinary | CFD | increasing a long position | 23 | 3.5165 GBP |
25p ordinary | CFD | increasing a long position | 57 | 3.5165 GBP |
25p ordinary | CFD | increasing a long position | 62 | 3.5165 GBP |
25p ordinary | CFD | increasing a long position | 34 | 3.5185 GBP |
25p ordinary | CFD | increasing a long position | 17,822 | 3.5217 GBP |
25p ordinary | CFD | increasing a long position | 1,536 | 3.5235 GBP |
25p ordinary | CFD | increasing a long position | 2,332 | 3.5235 GBP |
25p ordinary | CFD | increasing a long position | 3,998 | 3.5270 GBP |
25p ordinary | CFD | increasing a long position | 20,272 | 3.5359 GBP |
25p ordinary | CFD | increasing a long position | 546 | 3.5360 GBP |
25p ordinary | CFD | increasing a long position | 2,929 | 3.5375 GBP |
25p ordinary | CFD | increasing a long position | 30,317 | 3.5448 GBP |
25p ordinary | CFD | increasing a long position | 100,658 | 3.5487 GBP |
25p ordinary | CFD | increasing a long position | 180 | 3.5488 GBP |
25p ordinary | CFD | increasing a long position | 31,725 | 3.5493 GBP |
25p ordinary | CFD | increasing a long position | 105,434 | 3.5496 GBP |
25p ordinary | CFD | increasing a long position | 551 | 3.5499 GBP |
25p ordinary | CFD | increasing a long position | 1,916 | 3.5500 GBP |
25p ordinary | CFD | increasing a long position | 41 | 3.5500 GBP |
25p ordinary | CFD | increasing a long position | 218 | 3.5500 GBP |
25p ordinary | CFD | increasing a long position | 10,949 | 3.5517 GBP |
25p ordinary | CFD | increasing a long position | 17,525 | 3.5531 GBP |
25p ordinary | CFD | increasing a long position | 53,413 | 3.5547 GBP |
25p ordinary | CFD | increasing a long position | 9,089 | 3.5591 GBP |
25p ordinary | CFD | increasing a long position | 5,988 | 3.5591 GBP |
25p ordinary | CFD | increasing a long position | 79 | 3.5600 GBP |
25p ordinary | CFD | increasing a long position | 5 | 3.5602 GBP |
25p ordinary | CFD | increasing a long position | 10,035 | 3.5610 GBP |
25p ordinary | CFD | increasing a long position | 3,583 | 3.5619 GBP |
25p ordinary | CFD | increasing a long position | 7,295 | 3.5689 GBP |
25p ordinary | CFD | increasing a short position | 446 | 3.5070 GBP |
25p ordinary | CFD | increasing a short position | 102 | 3.5125 GBP |
25p ordinary | CFD | increasing a short position | 956 | 3.5140 GBP |
25p ordinary | CFD | increasing a short position | 966 | 3.5208 GBP |
25p ordinary | CFD | increasing a short position | 4,961 | 3.5220 GBP |
25p ordinary | CFD | increasing a short position | 2,800 | 3.5232 GBP |
25p ordinary | CFD | increasing a short position | 800 | 3.5232 GBP |
25p ordinary | CFD | increasing a short position | 5,978 | 3.5472 GBP |
25p ordinary | CFD | increasing a short position | 5,121 | 3.5481 GBP |
25p ordinary | CFD | increasing a short position | 838 | 3.5500 GBP |
25p ordinary | CFD | increasing a short position | 1,437 | 3.5500 GBP |
25p ordinary | CFD | increasing a short position | 8 | 3.5500 GBP |
25p ordinary | CFD | increasing a short position | 44,257 | 3.5500 GBP |
25p ordinary | CFD | increasing a short position | 2,822 | 3.5500 GBP |
25p ordinary | CFD | increasing a short position | 26,933 | 3.5524 GBP |
25p ordinary | CFD | increasing a short position | 1,073 | 3.5530 GBP |
25p ordinary | CFD | increasing a short position | 26,583 | 3.5540 GBP |
25p ordinary | CFD | increasing a short position | 5,626 | 3.5686 GBP |
25p ordinary | CFD | increasing a short position | 547 | 3.5700 GBP |
25p ordinary | CFD | reducing a long position | 742 | 3.5181 GBP |
25p ordinary | CFD | reducing a long position | 3,858 | 3.5213 GBP |
25p ordinary | CFD | reducing a long position | 16,645 | 3.5236 GBP |
25p ordinary | CFD | reducing a long position | 163 | 3.5274 GBP |
25p ordinary | CFD | reducing a long position | 591 | 3.5371 GBP |
25p ordinary | CFD | reducing a long position | 6,389 | 3.5378 GBP |
25p ordinary | CFD | reducing a long position | 2,195 | 3.5378 GBP |
25p ordinary | CFD | reducing a long position | 14,076 | 3.5381 GBP |
25p ordinary | CFD | reducing a long position | 40,974 | 3.5381 GBP |
25p ordinary | CFD | reducing a long position | 9,455 | 3.5500 GBP |
25p ordinary | CFD | reducing a long position | 643 | 3.5501 GBP |
25p ordinary | CFD | reducing a long position | 9,247 | 3.5525 GBP |
25p ordinary | CFD | reducing a long position | 16,657 | 3.5540 GBP |
25p ordinary | CFD | reducing a long position | 3,813 | 3.5552 GBP |
25p ordinary | CFD | reducing a long position | 32,272 | 3.5671 GBP |
25p ordinary | CFD | reducing a short position | 1,437 | 3.5260 GBP |
25p ordinary | CFD | reducing a short position | 5,013 | 3.5436 GBP |
25p ordinary | CFD | reducing a short position | 2,725 | 3.5447 GBP |
25p ordinary | CFD | reducing a short position | 14,986 | 3.5483 GBP |
25p ordinary | CFD | reducing a short position | 388,089 | 3.5491 GBP |
25p ordinary | CFD | reducing a short position | 3,242 | 3.5499 GBP |
25p ordinary | CFD | reducing a short position | 7,698 | 3.5499 GBP |
25p ordinary | CFD | reducing a short position | 9,702 | 3.5499 GBP |
25p ordinary | CFD | reducing a short position | 2,822 | 3.5500 GBP |
25p ordinary | CFD | reducing a short position | 887 | 3.5500 GBP |
25p ordinary | CFD | reducing a short position | 15,390 | 3.5500 GBP |
25p ordinary | CFD | reducing a short position | 18 | 3.5524 GBP |
25p ordinary | CFD | reducing a short position | 1,018 | 3.5532 GBP |
25p ordinary | CFD | reducing a short position | 17,153 | 3.5546 GBP |
25p ordinary | CFD | reducing a short position | 1,543 | 3.5591 GBP |
25p ordinary | CFD | reducing a short position | 1,017 | 3.5591 GBP |
25p ordinary | CFD | reducing a short position | 1,457 | 3.5601 GBP |
25p ordinary | CFD | reducing a short position | 2,867 | 3.5601 GBP |
25p ordinary | CFD | reducing a short position | 9,839 | 3.5623 GBP |
25p ordinary | CFD | reducing a short position | 589 | 3.5640 GBP |
25p ordinary | CFD | reducing a short position | 30,955 | 3.5675 GBP |
25p ordinary | CFD | reducing a short position | 1,447 | 3.5686 GBP |
25p ordinary | CFD | reducing a short position | 589 | 3.5740 GBP |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
N/A | N/A | N/A | N/A | N/A |
(d) Other dealings (including subscribing for new securities)
Class of relevant security | Nature of dealing e.g. subscription, conversion | Details | Price per unit (if applicable) |
N/A | N/A | N/A | N/A |
3. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" |
NONE
|
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" |
NONE
|
| Date of disclosure: | 30 March 2026 |
| Contact name: | Claire Gordon |
| Telephone number: | +44 141 245-8893 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
Related Shares:
British Land